Financial Guru 8

Why some people put them selves into deep  financial trouble? So many people put themselves in deep financial trouble when they run short of income to raise cash they sell their assets . but their personal asssets can generally be sold for only a fraction of the value that is listed on their personal balance sheet. Or if there is a gain on the sale of the assets they are taxed on the gain so again the government takes is share thus reducing the amount available to help them our of debt that is   why I say someone’s net worth is often “worth less ” than they   think. Start minding your own business . keep your daytime job but start buying real assets not liabilities or personal effects that have no real value once you get them. keep   expence low , reduce  liability and diligently build a base of solid assets for young people who have not wets left home if is important for parents to teach them the different between an assets and liability. Get them to ...

MIND YOUR OWN BUSINESS ? The secret of mind your own business - financial struggle is often directly the result of people working all their lives for someone else. Many people will simply have nothing at the end of their working day (OLD DAYS ) to show for their efforts. Our current education system focus on preparing today youth to get good jobs by developing scholastic skills. their lives will revolve around their wages or as describe earlier their many will study further to become engineers , scientists ,cooks ,police , officers artists,writers and so on. These professional skills allows them to enter the workforce and work for money but the biggest difference between your profession and your business the problem starts from school A problem will school is that you often become what you study so I you study cooking you become a chef . the mistakes in becoming what you study is that too many problem forget to mind their own business they spend their lives minding someo...

WHY PEOPLE WORK YEAR  ON A JOB  Fear that keep most people working at a job the fareof not paying their bills, the fear of being fired the fear of not paying their bills the fear of starting over that’s the price of studying to learn a profession or trade and then working for money most people become a slave to money – and then get anger at their boss” “ learning to have money work for you is a completely deifferent course of study “ They wonder why they have money problems they think that more money will solve their problem and don’t realize that its their lack of financial education that is problem “

THE FEAR V/s GREED  People live their entire life to control by two emotions the fear and greed Most people have a price and they have a price because of human emotion named fear and greed . First , the fear of being without money motivate us to to work hard and then once we get that paycheck , greed or desire starts us thinking about all the wonderful things money can buy . the pattern is then set “ The pattern of get up go to work pay bills get up go to work pay bills people’s lives are forever controlled by two emotions fear and greed offer them more money and they continue the cycle by increasing their spending this is what I call the rat race “ They feel the fear so they go to work hoping that money will soothe the fear but it doesn’t  continues to haunt them and they return to work hoping again that money will calm their fear and again it doesn’t fear keeps them in this trap of working earning money working earning money , hoping the fear will go away . ...

You Are The Problem ? you’d best change your point of view stop blaming me and thinking I’m the problem if you think I’m the problem then you have to change me if you realize that you’re the problem then you can change yourself learn somethings ,and grow wiser most people want everyone else in the world to change but themselves let me tell you it easier to change yourself than everyone else well keep that attitude and you’ll learn nothing keep that attitude that I’m the problem and what choice do you have. “ If you learn the lesson you will grow into a wise wealthy and happy young man or woman if you don’t you will spend your life working for blaming a job, low pay , or your boss for year problems you’ll live life Always hoping for that big breaks that will solve all your money problems

The Cost of True Learning ?  True learning takes energy , passion and a burning desire Anger is a big part of that formula , for passion is anger is anger and love combined when it comes to money most people want to play it safe and feel secure so passion does not direct them but fear does. More money will not solve there probems EX just look at your dad he makes a lot of money and still can’t pay his bills most people gives more money only get into more debt.